Billionaire wealth surged last year, with the world's richest individuals adding $2 trillion to their pockets in 2024, according to a new report released Monday.

Billionaire's wealth has grown faster last year, and now the world can expect at least 5 trillionaires within a decade, even as the number of people in poverty has barely budged since 1990.

This past Monday, the world marked two noteworthy beginnings: the second inauguration of U.S. President Donald Trump and the start of the 55th Annual Meeting of the World Economic Forum in Davos, Switzerland.

The World Economic Forum in Davos, Switzerland, is underway this week — and there are calls for taxing the extremely rich to address global inequality.

The World Economic Forum kicks off in the Swiss Alpine resort on the same day as the presidential inauguration of Trump, who will not be in Davos but will make an online appearance later in the week. Global charity Oxfam said in a report that Trump's ...

Billionaire wealth surged by $2 trillion in 2024—equivalent to $5.7 billion per day—as global inequality reached unprecedented levels, Oxfam International reported Monday. Oxfam's analysis ...

a top anti-poverty group reported on Monday as some of the world's political and financial elite prepared for an annual gathering in Davos, Switzerland. Oxfam International, in its latest ...

Trump set himself above the bank and energy executives on the panel, who groveled, flattered and praised him. But like every dictator, he speaks not only for himself but for a social class.

a top anti-poverty group reported on Monday as some of the world’s political and financial elite prepared for an annual gathering in Davos, Switzerland. Oxfam International, in its latest ...

a top anti-poverty group reported on Monday as some of the world’s political and financial elite prepared for an annual gathering in Davos, Switzerland. Oxfam International, in its latest ...

The 2025 theme for Davos, “Collaboration for the Intelligent Age,” is particularly timely for wealthy countries as they reap rich dividends due to rapid technological advancements. Equally, the theme holds profound significance for people living in LDCs, where new and relevant technologies can permanently alter their development trajectory.

Davos saw new excitement this year. The annual jamboree of world corporate and political leaders, who meet in the scenic Swiss alpine village annually, got a ta